Community Broking Group's David Worsley has stepped down as executive chairman.
The Manchester based Group made the announcement as it reported an increase in year end profit.
Pretax profits increased to £440,000 from £306,000 a year earlier, net profits increased to £255,000 in 2004 from £214,000 at its 2003 year end.
The company said Worsley would assume a non-executive position. Laurie Turnbull has been appointed as non-executive chairman of the Group.
